Announcement on the sale through competitive bidding of the real estate located in Jurmala, 57 Jomas Street, owned by the insolvent AS PNB Banka


The administrator of the insolvent AS PNB Banka, registration No 40003072918, (hereinafter – “Bank”) Vigo Krastiņš, in cooperation with SIA Latio, registration No 41703000843, (hereinafter – “Latio”), hereby announce the sale of the 121/200 undivided shares of the real estate owned by the insolvent AS PNB Banka subsidary company “City Estates”, located in Jurmala, 57 Jomas Street (Latvian: Jomas iela 57, Jūrmala), cadastral No 13000093006 (hereinafter – “the Real Estate”). The Real Estate includes a part of the land plot in the area of 570 sq.m. and the newly built building Jurmala, 57 Jomas street k-4, with total area 850,70 sq. m which is 121/200 undivided shares of the joint property situated thereupon. The building has not put into operation, construction works has not finished, and the construction permit is valid.

The appraised value and starting price of the Real Estate – EUR 680 000.

The competitive bidding price is subject of the value added tax.

Application deadline – 14.04.2023, 5:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 on business days from 9:00 AM to 5:00 PM.

Information on applying for the competitive bidding, the competitive bidding procedure, conditions for closing transactions and other relevant information is provided in the competitive bidding regulations available free of charge on the Bank’s website or Latio’s website For more information on competitive bidding regulations please call +371 29415520.


All persons willing to participate in the competitive bidding should complete the following:

- by April 14 2023, 05:00 PM, attend an on-site identification at PNB Banka’s office, submit the Application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by April 14 2023, 11:59 PM, transfer to the Bank’s account the participation fee of EUR 121,00, incl. VAT – EUR 21,00, and the deposit of EUR 68 000, i.e. 10% of the starting price. The account number for transferring the above payments will be forwarded to the applicant upon receipt of the application to the email address indicated therein.


The application for participation in the competitive bidding and the documents attached thereto shall be submitted at the Bank’s office in Riga, 21 Ernesta Birznieka-Upīša Street (Latvian: Ernesta Birznieka-Upīša iela 21), on business days from 09:00 AM to 05:00 PM, or sent via e-mail to in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.